NYSE$PCOR
Procore Technologies Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Procore reported strong revenue growth but faced widening losses in Q4 2024.
Procore achieved a 16% year-over-year revenue increase in Q4 2024, reaching $302,048,000. However, the company reported a GAAP net loss of $62,291,000, compared to $29,519,000 in the same quarter last year. Non-GAAP EPS was $0.01, while GAAP EPS stood at $(0.42).
- Revenue grew by 16% YoY to $302,048,000.
- GAAP net loss widened to $62,291,000 from $29,519,000 in Q4 2023.
- Non-GAAP operating margin improved to -1% from 7% last year.
- Strong customer retention with a 94% gross revenue retention rate.
Headline financials
Revenue & EPS history
Procore · Revenue · Quarterly
$302M
Forward guidance
Procore expects 12% YoY revenue growth in FY 2025, with improved non-GAAP operating margins.
Tailwinds
- Revenue projected to grow 12% YoY to $1,285,000,000 - $1,290,000,000.
- Non-GAAP operating margin expected to improve to 13% - 13.5%.
- Continued customer adoption with strong retention rates.
- Expansion of AI-driven solutions to enhance efficiency.
- Ongoing investment in product innovation and platform growth.
Headwinds
- GAAP profitability remains a challenge.
- Operating margins still negative on a GAAP basis.
- Macroeconomic conditions may impact growth.
- Increased operating expenses due to R&D investments.
- Potential slowdown in new customer acquisitions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-0.5%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+16.5%
Q4 2024
Best reaction
-20.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.9% | -8.4% | -11.2% | |
| Q4 2025 | +9.3% | +10.8% | +19.4% | |
| Q3 2025 | +10.6% | +10.2% | +8.4% | |
| Q1 2025 | +2.5% | +2.0% | +6.3% | |
| Q4 2024 | +16.5% | +15.2% | -9.3% | |
| Q3 2024 | +3.5% | +5.0% | +28.0% | |
| Q2 2024 | -20.1% | -25.5% | -16.6% | |
| Q1 2024 | +1.2% | +0.1% | -1.9% | |
| Q4 2023 | +3.3% | +3.7% | +6.9% | |
| Q3 2023 | -17.4% | -16.9% | -1.2% | |
| Q2 2023 | -11.2% | -14.5% | -10.1% | |
| Q1 2023 | +4.8% | +2.3% | +16.7% | |
| Q4 2022 | +1.3% | +0.5% | -5.7% | |
| Q3 2022 | -1.7% | -3.9% | -5.7% | |
| Q2 2022 | +14.8% | +18.3% | -0.3% | |
| Q1 2022 | -5.9% | -15.1% | -14.9% | |
| Q4 2021 | -6.8% | +2.1% | -6.0% | |
| Q3 2021 | -1.5% | -1.7% | -17.5% | |
| Q4 2020 | +0.2% | -1.1% | +4.0% | |
| Q2 2021 | -1.2% | -6.5% | +1.0% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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